$38.87
0.96% yesterday
Nasdaq, Nov 25, 10:00 pm CET
ISIN
US4538386099
Symbol
IBCP

Independent Bank Corporation Stock price

$38.87
+6.29 19.31% 1M
+13.48 53.09% 6M
+12.85 49.39% YTD
+17.53 82.15% 1Y
+15.15 63.87% 3Y
+16.28 72.07% 5Y
+26.60 216.79% 10Y
Nasdaq, Closing price Mon, Nov 25 2024
+0.37 0.96%
ISIN
US4538386099
Symbol
IBCP
Sector
Industry

Key metrics

Market capitalization $812.15m
Enterprise Value $836.62m
P/E (TTM) P/E ratio 13.21
EV/FCF (TTM) EV/FCF 15.42
EV/Sales (TTM) EV/Sales 2.71
P/S ratio (TTM) P/S ratio 2.63
P/B ratio (TTM) P/B ratio 1.80
Dividend yield 2.47%
Last dividend (FY24) $0.96
Revenue growth (TTM) Revenue growth 12.36%
Revenue (TTM) Revenue $309.05m
EBIT (operating result TTM) EBIT $78.23m
Free Cash Flow (TTM) Free Cash Flow $54.26m
EPS (TTM) EPS $2.94
P/E forward 12.72
P/S forward 3.76
EV/Sales forward 3.87
Short interest 1.11%
Show more

Is Independent Bank Corporation a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?

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Independent Bank Corporation Stock Analysis

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Analyst Opinions

5 Analysts have issued a Independent Bank Corporation forecast:

5x Hold
100%

Analyst Opinions

5 Analysts have issued a Independent Bank Corporation forecast:

Hold
100%

Financial data from Independent Bank Corporation

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Sep '24
+/-
%
309 309
12% 12%
100%
- Direct Costs - -
-
-
- -
-
-
- Selling and Administrative Expenses 28 28
10% 10%
9%
- Research and Development Expense - -
-
-
- -
-
-
- Depreciation and Amortization 10 10
1% 1%
3%
EBIT (Operating Income) EBIT 78 78
5% 5%
25%
Net Profit 62 62
3% 3%
20%

In millions USD.

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Independent Bank Corporation Stock News

Positive
Seeking Alpha
28 days ago
Independent Bank's efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I've slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations.
Neutral
Seeking Alpha
about one month ago
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Krol...
Neutral
GlobeNewsWire
about one month ago
Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annua...
More Independent Bank Corporation News

Company Profile

Independent Bank Corp. operates as a bank holding company. It provides financial services including commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Ionia, MI.

Head office United States
CEO William Kessel
Employees 832
Founded 1864
Website www.independentbank.com

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